Canaccord Genuity Group Cuts Capricorn Energy (LON:CNE) Price Target to GBX 300

Capricorn Energy (LON:CNE) had its price objective reduced by stock analysts at Canaccord Genuity Group from GBX 360 ($4.66) to GBX 300 ($3.88) in a research note issued to investors on Friday,Digital Look reports. The firm currently has a “speculative buy” rating on the oil and gas development company’s stock. Canaccord Genuity Group’s target price would suggest a potential upside of 18.29% from the company’s previous close.

Separately, Shore Capital restated a “buy” rating on shares of Capricorn Energy in a report on Thursday.

Capricorn Energy Stock Performance

Shares of CNE opened at GBX 253.62 ($3.28) on Friday. The stock has a market capitalization of £224.09 million, a price-to-earnings ratio of -2.52, a PEG ratio of -1.92 and a beta of 1.35. Capricorn Energy has a 12 month low of GBX 157.60 ($2.04) and a 12 month high of GBX 341.77 ($4.42). The firm has a fifty day simple moving average of GBX 284.01 and a 200 day simple moving average of GBX 256.78. The company has a current ratio of 2.56, a quick ratio of 6.29 and a debt-to-equity ratio of 32.44.

Capricorn Energy Company Profile